BSA/Fraud Operations Specialist

QNB Bank•Quakertown, PA

About The Position

The BSA/Fraud Operations Specialist supports QNB Bank's efforts to maintain full compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and fraud prevention regulations. This position assists in ensuring that the Bank's operations and customer activities align with regulatory requirements and internal policies. The Specialist conducts transaction monitoring, investigations, and reporting to help safeguard the Bank and its customers from financial crime, while promoting QNB's commitment to integrity, accountability, and community trust. Support the Customer Identification Program (CIP) and perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews as required. Review new account documentation across various daily reports and Synergy to ensure Compliance with CIP and place items on the "Watch List" as necessary. Monitor daily transaction alerts and exception reports for unusual or suspicious activity using QNB's BSA/AML software. Document findings, conduct necessary investigations, and escalate findings to the BSA Officer. Open, maintain, and perform investigation of cases when directed by the BSA Officer. Maintain thorough and organized documentation for all investigations and case Ensure data integrity within BSA and fraud monitoring systems and support accurate regulatory reporting. Serve as an active member of the Bank's SAR Committee Assist in the administration of Currency Transaction Reporting (CTR) filings by receiving, preparing, and ensuring the compliance of CTR's, while addressing inquiries from branches regarding reporting requirements. Assists with CTR training monthly. Assists in the processing of IRS Levies and Domestic Relations Court Orders, while also preparing research for information requested through Subpoenas, Summons, and Court orders. Assist with gathering and compiling data from QNB's Lawyer Trust Accounts, executing transactions required to submit interest and prepare quarterly reports for the Pennsylvania Interest on Lawyers' Trust Accounts (IOLTA) Board. Support investigations by collaborating with the BSA Officer and/or law enforcement regarding internal and external criminal activities directed at the Bank. Maintain strict confidentiality in compliance with QNB Bank practices and regulatory requirements. Complete assigned compliance training timely and demonstrate the ability to apply learned concepts to daily responsibilities. Assumes other job-related duties as assigned.

Requirements

High School diploma combined with five years of banking experience.
A minimum of two years of experience in BSA/AML compliance, fraud investigations, or bank operations, preferably new account opening/CIP experience.
Knowledge of the Bank Secrecy Act, USA PATRIOT Act, OFAC regulations, and related compliance requirements.
Strong interpersonal skills to represent the Bank positively with internal and external customers.
Strong analytical skills, research, and investigative skills with attention to detail.
Proficient keyboard, general computer skills, and knowledge.
A minimum of 3 or more years of experience in BSA or fraud operations preferred.

Nice To Haves

Background in auditing, college-level criminal law courses, or a law enforcement background.
Working knowledge of BSA regulations, BSA and core banking systems.

Responsibilities

Support the Customer Identification Program (CIP) and perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews as required.
Review new account documentation across various daily reports and Synergy to ensure Compliance with CIP and place items on the "Watch List" as necessary.
Monitor daily transaction alerts and exception reports for unusual or suspicious activity using QNB's BSA/AML software.
Document findings, conduct necessary investigations, and escalate findings to the BSA Officer.
Open, maintain, and perform investigation of cases when directed by the BSA Officer.
Maintain thorough and organized documentation for all investigations and case
Ensure data integrity within BSA and fraud monitoring systems and support accurate regulatory reporting.
Serve as an active member of the Bank's SAR Committee
Assist in the administration of Currency Transaction Reporting (CTR) filings by receiving, preparing, and ensuring the compliance of CTR's, while addressing inquiries from branches regarding reporting requirements.
Assists with CTR training monthly.
Assists in the processing of IRS Levies and Domestic Relations Court Orders, while also preparing research for information requested through Subpoenas, Summons, and Court orders.
Assist with gathering and compiling data from QNB's Lawyer Trust Accounts, executing transactions required to submit interest and prepare quarterly reports for the Pennsylvania Interest on Lawyers' Trust Accounts (IOLTA) Board.
Support investigations by collaborating with the BSA Officer and/or law enforcement regarding internal and external criminal activities directed at the Bank.
Maintain strict confidentiality in compliance with QNB Bank practices and regulatory requirements.
Complete assigned compliance training timely and demonstrate the ability to apply learned concepts to daily responsibilities.
Assumes other job-related duties as assigned.